Earlier in 1960, India has had its ups and downs with using these zones. There was no improved infrastructure for trading. As a result, India was not able to stimulate economic growth and foreign investment. However, through the years, The Indian govt. has more concerned about it and has worked a lot to enhance zones by reducing government red tape and investing in infrastructure.
When we talk about Free Trade Warehousing zones (FTWZ) in India, they are specially designed trade-related infrastructures helping in the import and export of goods. Most importantly, the trade transactions will be carried out in free currency.
The Free Trade Warehousing in India aims to provide world-class infrastructure for warehousing of numerous products, advanced equipment, commercial office space, transportation and handling facilities, water, power, communications, and connectivity. In other words, it is the one-stop international trading hub for the clearance of import and export formality.
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| Free Trade Warehousing in India |
The location of Free Trade Warehousing zones in India is precisely chosen to proximate to seaports, airports, or dry ports to easily access by rail and road. Moreover, it is a special category of Special Economic Zones for making the process of trading and warehousing easier and smoother.
The basic activities carried out in these zones-
Goods and product warehousing on behalf of foreign or domestic customers
Packaging and repacking, import, export, and re-export of goods
Carious value optimization services on the goods/cargo
Trading with or without labeling
If you are looking for Free Trade Warehousing in India for your business trading, then you can hire a professional agency that will help you in international logistics including Freight Forwarding, Custom Clearances (at all major Indian ports and ICD’s) and 3PL services. Different logistic companies are available in India to choose from, but make sure you are working with the right one that would meet your needs and specifications.
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| Free Trade Warehousing |
Let’s discuss how to select a reliable logistic company online-
Make sure a logistics company provides advanced, fully-customized, and complete warehousing solutions for your international or domestic business trading with value-added services in their zones.
They need to provide end to end supply chain services with competitive infrastructure, several incentives, and with less customs-related formalities.
They must be licensed and experienced companies and provide a cost-effective logistic solution.
They should offer Duty Deferment and Service Tax benefits
They ought to deliver 24 X 7 Customs Clearance services
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